Rumors are doing the rounds that Yahoo is eyeing popular location based startup FourSquare. The value of the deal is rumored to be $100 million. According to reports on the Silicon Alley Insider, a source close to Yahoo revealed that the discussions have happened though nothing can be committed since Yahoo talks “to everybody“.
True? Maybe. But VentureBeat sees conspiracy in the whole affair. The website writes that the story could have been cooked up by investment bankers hired by FourSquare in an attempt to push the valuations of the company up. VB writes,
“Foursquare’s bankers are hoping to push the four venture capital firms said to be interested — Accel Partners, Andreessen Horowitz, Khosla Ventures, and Redpoint Ventures — into raising their bids from the currently rumored $80 million valuation by scaring them with the notion of a sale to Yahoo.”
Sounds logical. Where do you think the truth lies?
[via VentureBeat]